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Asset manager Standard Life Aberdeen suffered a shareholder revolt at its AGM after 42pc of its investors voted against a salary award due to be granted to incoming finance chief Stephanie Bruce.

A narrow majority of shareholders voted in favour of Ms Bruce’s proposed pay, which includes a £525,000 base salary and a £750,000 one-off bonus. Ms Bruce's salary marks nearly a 17pc increase on her male predecessor.

The vote was non-binding, meaning directors’ entitlement to remuneration was not dependent on the outcome.

Standard Life’s board said it “recognised” the significant percentage of votes cast against the resolution, but that Ms Bruce was an “outstanding addition” to the team.